It’s been clear for years that Michael Bloomberg would like to be president and even clearer that there is a network of political consultants who would like to get paid by Bloomberg’s hypothetical presidential campaign.
Bloomberg is reporting that Obama is the first President since Ike to win two elections by a 51%+ popular vote margin. Yes, not even Saint Reagan, he of stayin’ up late and workin’ cross the aisle with ole Tip, managed the feat. And if we hear anything about that era, we hear about Reagan crushing History’s Greatest Monster and Son of History’s Greatest Monster. Steve Benen at the Maddow blog points out that Obama now joins a list of six Presidents with 51% or more in two elections: Andrew Jackson, Ulysses S. Grant, William McKinley, Franklin D. Roosevelt, the aforementioned Eisenhower, and now, Barack Obama.
But, of course, the GOP in the House must be allowed to set policy for the country. Obama has achieved no mandate; not in 2008, not in 2012. Whatever in the hell it is that happened in November is certainly not a mandate to govern. Any serious person realizes this implicitly. If anything, he should look for GOP goodwill by moving quickly to eliminate Social Security and Medicare. Then I’m sure they’ll come right around to his way of thinking.
A person, company or nation would be defined as ‘broke’ if it couldn’t pay its bills, and that is not the case with the U.S. Despite an annual budget deficit expected to reach $1.6 trillion this year, the government continues to meet its financial obligations, and investors say there is little concern that will change.
Bloomberg delivers some shocking, shocking stuff:
“The U.S. government is not broke,” said Marc Chandler, global head of currency strategy for Brown Brothers Harriman & Co. in New York. “There’s no evidence that the market is treating the U.S. government like it’s broke.”
The U.S. today is able to borrow at historically low interest rates, paying 0.68 percent on a two-year note that it had to offer at 5.1 percent before the financial crisis began in 2007. Financial products that pay off if Uncle Sam defaults aren’t attracting unusual investor demand. And tax revenue as a percentage of the economy is at a 60-year low, meaning if the government needs to raise cash and can summon the political will, it could do so.
Print out in the largest type possible and stick to the teleprompter of every Serious Person currently inhabiting the media. Likewise, Obama and his proxies need to be talking about this. A lot. So often that we can’t stand it anymore, and then a few million more times on top of that. Then you can start a serious discussion about revenue, which is the only truly serious way out of this mess. Sorry, but it is.
I understand the impulse to find another location for the mosque and community center. I understand the pain of those who are motivated by loss too terrible to contemplate. And there are people of every faith – including, perhaps, some in this room – who are hoping that a compromise will end the debate.
But it won’t. The question will then become, how big should the ‘no-mosque zone’ around the World Trade Center be? There is already a mosque four blocks away. Should it too, be moved?
This is a test of our commitment to American values. We must have the courage of our convictions. We must do what is right, not what is easy. And we must put our faith in the freedoms that have sustained our great country for more than 200 years.
Lemkin 